AJX 0.00% 1.3¢ alexium international group limited

TA, page-383

  1. 588 Posts.
    lightbulb Created with Sketch. 5
    vRed - considering the negative divergences developing and generally low volume days, your green Alt count projecting .50c wave 4 is more likely correct. IMHO
    The oscillators need to be more overbought (not reversing lower when the short term RSI(5) hits 70) and the price action needs to be more impulsive before you get a nice clean 5 wave uptrend pattern. We are still in correction mode so the count will most likely work out to be nested ABC's or a zigzag.
    Nice work though.

    5 wave uptrend result in very overbought escalators spending most of their time neutral or higher.
 
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